Reading International Q2 Revenue Surges on Box Office Successes

Reading International, a cinema operator, reported Q2 revenue higher than expected due to strong box office performances. The company's Cinema Exhibition segment is focused on providing a premium cinematic experience, while its Real Estate segment is engaged in developing and leasing retail, commercial, and live theatre assets.

Reading International, Inc. (NASDAQ: RDI) reported significant improvements in its financial performance for the second quarter of 2025, with total revenues increasing 29% to $60.4 million compared to the same period last year. The company achieved its highest operating income since Q2 2019 at $2.9 million, representing a 138% improvement from the loss reported in Q2 2024. EBITDA turned positive at $6.3 million, up 276% year-over-year [1].

The Cinema Exhibition segment, which focuses on providing a premium cinematic experience, saw a 32% revenue increase to $56.8 million, driven by successful movie releases such as Warner Bros' "A Minecraft Movie" and "Sinners," as well as Disney's "Lilo & Stitch." The Real Estate segment, which develops and leases retail, commercial, and live theatre assets, reported an operating income of $1.5 million, up 56% from the previous year. Notably, the company successfully sold Cannon Park Property in Australia for AU$32.0 million, contributing to a reduction in total gross debt by 14.4% to $173.4 million [1].

Despite these improvements, Reading International still reported a net loss of $2.7 million for Q2 2025, though this represents a 79% improvement from the loss reported in Q2 2024. The company attributes the currency weakness in Australia and New Zealand, which accounted for 47% of its total revenues, to the impact on its U.S. reported operating results [1].

President and Chief Executive Officer Ellen Cotter expressed confidence in the company's long-term future, attributing the strong performance to successful movie releases and the monetization of real estate assets. She also highlighted the company's plans for the remainder of 2025, including the release of highly anticipated movies such as "TRON: Ares," "Wicked: For Good," "Zootopia 2," and "Avatar: Fire and Ash" [1].

The earnings call to discuss the second quarter financial results is scheduled to be posted on the company's corporate website on Monday, August 18, 2025.

References:
[1] https://www.stocktitan.net/news/RDI/reading-international-reports-second-quarter-2025-n9aa3cmjdsr4.html